XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenue $ 483,310 $ 431,542 $ 324,977
Cost of revenue 413,469 351,558 261,181
GROSS PROFIT 69,841 79,984 63,796
Operating expenses:      
Research and development 14,372 12,325 13,601
Selling, general and administrative 61,249 56,927 53,799
Total operating expenses 75,621 69,252 67,400
OPERATING INCOME (LOSS) (5,780) 10,732 (3,604)
Equity loss from investment in affiliates 0 0 (97)
Other income, net 1,427 1,584 113
INCOME (LOSS) BEFORE INCOME TAX EXPENSES (4,353) 12,316 (3,588)
Income tax benefits (expenses) 452 (1,745) (1,646)
NET INCOME (LOSS) (3,901) 10,571 (5,234)
Net income (loss) attributable to non-controlling interests 331 3,490 (509)
NET INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. (4,232) 7,081 (4,725)
BASIC AND DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. PER SHARE      
Net income (loss) available to ICTS International N.V. $ (4,232) $ 7,081 $ (4,725)
Basic weighted average number of shares 37,433,333 37,433,333 37,433,333
Net income (loss) per share attributable to ICTS International N.V. - basic $ (0.11) $ 0.19 $ (0.13)
Diluted weighted average number of shares 37,433,333 39,423,506 37,433,333
Net income (loss) per share attributable to ICTS International N.V. - diluted $ (0.11) $ 0.18 $ (0.13)
COMPREHENSIVE INCOME (LOSS)      
Net income (loss) $ (3,901) $ 10,571 $ (5,234)
Other Comprehensive Income (loss) - Translation adjustments (147) 141 (277)
Unrealized gains (loss) on derivative instruments (103) 124 (35)
Comprehensive income (loss) (4,151) 10,836 (5,546)
Comprehensive income (loss) attributable to non-controlling interests 284 3,686 (500)
COMREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ICTS INTERNATIONAL N.V. $ (4,435) $ 7,150 $ (5,046)